Description
OVERVIEW: Develop a strategic action plan for yourself.
RESOURCES:
Pearce, J. A., & Robinson, R. B. (2013). Strategic management (13th ed.). New York, NY: McGraw Hill.
INSTRUCTIONS:
In the previous assessments, you have developed your mission statement, conducted a personal SWOT analysis and environmental scan, and laid out your long-term and short-term objectives. Now, you will create a strategic plan to achieve your objectives.
Your completed Strategic Action Plan will be based on the information from your mission statement, your SWOT analysis, environmental scan, and your long-term and short-term plans; however, you do not need to include these items in this assessment.
- Develop a strategic action plan in which you address the following:
- Specific steps you will need to take in the next year to achieve your 5-year objectives.
- A time frame for completing each action.
- The scorecard you will use to measure the success of each action.
- The functional tactics you will use to achieve your short-term objectives.
- The resources (financial, human, and other) you will use to complete each action.
- An analysis of the monetary ramifications of each action.
- A plan for monitoring the progress of the action plan.
- A plan for handling obstacles or roadblocks.
- An explanation of how your overall strategic plan reflects your mission statement.
Format this assessment as a research paper following current APA guidelines for both style and citing sources, making sure that you also use correct grammar and mechanics. There is no required minimum or maximum page length; however, you should strive to be as detailed as possible in addressing each bullet point, while also being as clear and concise as possible.
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Explanation & Answer
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Running head: A STRATEGIC ACTION PLAN
A strategic Action Plan
Name
Tutor
Institution
Course
Date
1
A STRATEGIC ACTION PLAN
2
My professional goal will be to become the ‘employee of choice’. This mission will
ensure that every action I take aims at developing my career skills and enhancing my
competitiveness in the job market. One of the actions I plan on undertaking is identifying a
mentor in the field to guide and help me navigate through set goals. This action will be
undertaken within the first month. My financial stability plan will also kick-off right away as
well as my plan to develop the communication skills required in product management. In
terms of academic qualificatio...